Autodesk Inc. (NASDAQ:ADSK) shares traded 2.07% higher at $208.60 on Wall Street last session.
In accordance with the data, 29 analysts cover Autodesk Inc. (NASDAQ:ADSK). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $270.00 and a low of $178.00, we find $240.00. Given the previous closing price of $204.36, this indicates a potential upside of 17.44 percent. ADSK stock price is now 0.21% away from the 50-day moving average and 2.61% away from the 200-day moving average. The market capitalization of the company currently stands at $44.37B.
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It has been rated a hold by 8 analysts and a buy by 16. Brokers who have rated the stock have averaged $235.21 as their price target over the next twelve months.
With the price target of $224, BMO Capital Markets recently initiated with Market Perform rating for Autodesk Inc. (NASDAQ: ADSK).
In other news, RAFAEL BETSY, Director sold 309 shares of the company’s stock on Aug 01. The stock was sold for $65,252 at an average price of $211.17. Upon completion of the transaction, the Director now directly owns 4,472 shares in the company, valued at $0.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 03, Director RAFAEL BETSY sold 309 shares of the business’s stock. A total of $62,727 was realized by selling the stock at an average price of $203.00. This leaves the insider owning 4,781 shares of the company worth $1.0 million. Insiders disposed of 132,842 shares of company stock worth roughly $27.71 million over the past 1 year. A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ADSK stock. A new stake in Autodesk Inc. shares was purchased by PORTSIDE WEALTH GROUP, LLC during the first quarter worth $226,242,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $39,244,000 in shares of ADSK during the first quarter. In the first quarter, MATRIX CAPITAL MANAGEMENT COMPANY, LP acquired a new stake in Autodesk Inc. valued at approximately $24,823,000. ORIBEL CAPITAL MANAGEMENT, LP acquired a new stake in ADSK for approximately $20,860,000. MAPLELANE CAPITAL, LLC purchased a new stake in ADSK valued at around $20,651,000 in the second quarter. In total, there are 1,608 active investors with 95.00% ownership of the company’s stock.
Autodesk Inc. (NASDAQ: ADSK) opened at $215.50 on Thursday. During the past 12 months, Autodesk Inc. has had a low of $179.61 and a high of $234.99. As of last week, the company has a debt-to-equity ratio of 2.54, a current ratio of 0.70, and a quick ratio of 0.70. According to the stock market information, the enterprise value for the company is $45.18B, which is based on a 54.11 price-to-earnings ratio, a 3.76 price-to-earnings-growth ratio, and a beta of 1.49. The fifty day moving average price for ADSK is $208.07 and a two-hundred day moving average price translates $203.38 for the stock.
The latest earnings results from Autodesk Inc. (NASDAQ: ADSK) was released for Jul, 2023. According to the Software – Application Company, earnings per share came in at $1.91, beating analysts’ expectations of $1.72 by 0.19. This compares to $0.67 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 90.90% for ADSK. The company reported revenue of $1.27 billion for the quarter, compared to $1.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.46 percent. For the current quarter, analysts expect ADSK to generate $1.38B in revenue.
Investors who held shares on 04/02/2003 were paid a $0.03 dividend.
Autodesk Inc.(ADSK) Company Profile
Autodesk, Inc. provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries. It also provides Inventor tools for 3D mechanical design, simulation, analysis, tooling, visualization, and documentation; Vault, a data management software to manage data in one central location, accelerate design processes, and streamline internal/external collaboration; Maya and 3ds Max software products that offer 3D modeling, animation, effects, rendering, and compositing solutions; and ShotGrid, a cloud-based software for review and production tracking in the media and entertainment industry. It sells its products and services to customers directly, as well as through a network of resellers and distributors. Autodesk, Inc. was incorporated in 1982 and is headquartered in San Francisco, California.
